Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-28
The Houston and Texas Central.

NEW YORK, May Pit is stated that
holders of large amount of Houston and
Texas Central general mortgage bonds
have refused to accept the proposal of c.
2. Huntington to cut down the interest
on the bonds and will proceed at once
with the foreclosure proceedings. Mem
bers of the general mortgage bond COM
mittee claim that all the opposition is that
of Mrs. Hettie Green, who holds about
$ ,000,0 900 of bonds of the company and
claims that majority of ell classes of
bondholders have already agreed 10 the
proposition. Mrs. Hettie Green, the
richest woman in America, whose greet
wealth and financial ability has made her
power IN Wall street has caused
new sensation by refusing to be-
come party to the agreement entered
into between the bondhOlders of the
Houston and Texas Central Railway.
Mrs. Green, by her action has actually
pitted her Wealth and cunning against
the wealth and cunning of G. P. Hunting
ton and his associates. Mrs. Green evil
IDENTIFY means business; and will probably
bring suit to maintain what she considers
her rights in the reorganization Of the
Houston and Texas Central Railway. G.
2. Huntington and his associates own
stock of the Houston and Texas Central
Railway, which they picked up at very
low price. There are said to be near 100
bonds of the road widely held, Mrs.
Green owning about $1,000, 900 of the
general mortgage bonds, besides large
amount of first and second mortgage
bonds. 1t defsulted ia interest two or
three years ago and sometime after, re-
fusing to p2y. The bondholders
held an indignation meeting with
a. F. Higgins, and something was
said about Mr.. Huntington which was
not very pleasant. II was intimsted that
Huntington engaged in scheme to wreck
the property in order to get it more
securely in his grasp. Finally the bond
holders appointed a committee, which
arrived st an understanding with Hunt
ingtoD, and plan Of reorganization was
drawn up. The bOndholders' committee
all along counted on the support of Mrs.
Green, and with that object in view Mr..
Qulnlan was put on the committee, and
repeated conferences have been held with
the lady. Mrs. Green attends to al her
business personally, though her husband,
who was 0nCe president of the Louisville
snd Nashville, is living and is q
shreWd business man. 1t is
stated positively that Mrs. Green
promised to place her bonds with
the committee in assent to the re-or-
gsnizstion plan as soon as the holders of
$4,000 of them had done so. All was
serene and peaceful until Monday when
the committee discovered that Mrs Green
had changed her mind. Members of the
committee, however, use a stronger term
than "changed her mind" They say she
deliberately broke her promise, and while
disinclined to make public attack upon
a woman did not disguise their disgust.
Her action was declared indefensible, but
in accordance with Mrs. Green's action
two years ago in withdrawing ner
100000 deposit with John j. Cisco,
which many believe was the imme-
date cause of the failure of that old
established house when it was recalled.
Mrs. Green is daughter of g New Bed
ford whaler, who left her q comfortable
fortune fourteen years ago, which she
has increased by her own exertions until
she is now believed to be the richest
woman in America. Her last great feat
in the financial world was when she sud-
denly sold all her interest in the Georgia
Central Road during the hot fight for
control of the company. she had for
years supported the administration party
but discarded them and sold all her
holdings and left her old friends to their
death